Why Government Regulations often fail?
Tamil Nadu has the Tamil Nadu Regulation of Rights and Responsibilities of Landlords and Tenants Act of 2017. Also, Tamil Nadu passed the Tamil Nadu Apartment Ownership Act 2022. They provide guidelines for respective domains. They expect a registration with the government. A web-site exists for all these and very few residents and apartment associations are even aware of these acts. Nevertheless, properties are being rented out and associations continue to function. The act pertaining to tenancy states that the deposit cannot be more than three months of rent. This is not followed by most owners, but tenants agree to pay a higher security deposit. The demand overrides the government regulation. This implies that neither the owners nor the tenants take the act seriously. A mandate like these from the government has at least one clear goal - to intervene in case of a dispute or a violation. Why do people ignore such mandates and proce...